Hasbro Inc.

Just days before Memorial Day comes the news that Donald Levine, the Hasbro executive credited as the father of G.I. Joe for developing the world's first action figure, has died. He was 86, foxnews.com reports. He died of cancer early Thursday at Home & Hospice Care of Rhode Island, said his wife, Nan. Levine shepherded the toy through design and development as Hasbro's head of research and development. Levine, who served in the Army in Korea, said he got the idea for the moveable figure as a way to honor veterans, the report said. G.I. Joe hit the shelves in time for the 1964 Christmas shopping season and soon became a big seller. Read more at foxnews.com.

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